Green Mountain Electric Supply Acquires Scott Electric Supply
Vermont-based Green Mountain Electric Supply has acquired certain assets of Scott Electric Supply, which has locations in Fredonia and Depew, New York. This marks the fifth acquisition for Green Mountain in 2022, as the company has previously acquired Davis Electrical Supply, Generation Electric Supply, Falcone Electric, and Fingerlakes Electric — all located in New York state.
Scott Electric Supply is a two branch, full-service electrical distributor in western New York covering the Buffalo and eastern Lake Erie shore. The company was wholly owned by Sam Scott, who passed away earlier this year. Scott had also founded Scott Electric Company in Pennsylvania, where he was the President until 2012 when the company became employee-owned. Scott Electric provided management, operational, accounting, and other services to Scott Electric Supply, but did not own the business.
Since Scott’s passing, the responsibility of Scott Electric Supply was passed to his Living Trust and is managed by its Trustees. It was the Trustees who decided to sell certain assets of Scott Electric Supply to Green Mountain Electric Supply.
On behalf of the Trustees, Bob Coletta, Assistant General Manager and Purchasing Manager of Scott Electric, said, “It was a tough decision to make, but in the end, it was the best circumstance for settling Mr. Scott’s affairs with his Living Trust. Our main concern was making sure all of the employees of Scott Electric Supply would have jobs. Green Mountain was very accommodating and made sure that would be the case.”
Headquartered in Colchester, Vt., Green Mountain has locations in Vermont, New Hampshire, Maine, and western New York. The company has aggressively been growing its western New York footprint and now has 18 locations in that area, making it the largest independent electrical distributor in the market.
Nathan Laber, President & CEO of Green Mountain commented, “Scott Electric Supply has a strong presence and great reputation throughout the Buffalo and Fredonia markets. Our vision for growth, coupled with the Scott Electric Supply locations, employees, and customer base makes this an exciting opportunity for us. We look forward to welcoming the Fredonia and Depew teams to the Green Mountain Electric Supply family.”